Archive for April 2020
What to Do If Your Tenants Aren’t Paying Rent
Right now there’s still a moratorium on evictions in Long Island. In the wake of this economic crisis it’s not even clear how much an eviction might help struggling landlords pay their own bills. After all, who will fill that tenant’s space? With unemployment high, occupancy rates are bound to be low. 31% of renters…Read More
Can You Buy or Sell Real Estate During the Covid-19 Pandemic?
The pandemic may be slowing the real estate market, but it hasn’t ground it to a complete halt. The short answer is you may absolutely buy or sell a property at this time. The question is whether it will be advantageous to do so, and how you can protect yourself while you do. Closings and…Read More
What is a Force Majeure Clause?
The COVID-19 crisis means that Force Majeure clauses are getting brought up a lot these days. It seemed an ideal time to discuss what these clauses are. Force Majeure is a French phrase meaning “superior force.” It’s a contract provision designed to relieve both parties of their obligations in the face of large, unforeseeable events.…Read More